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Markets reassess Fed rate outlook: gold retreats from record highs
Gold prices fell in today’s trading as investors worried that higher energy costs could push inflation up and, in turn, interest rates. The safe-haven asset fell 0.5% to $4,338.64 an ounce.
[Source: Yahoo Finance]
Gold Nears $4,500: Spot Price Gains 0.40%
The safe-haven asset par excellence continues its upward trend, surpassing $4,400 an ounce in today’s trading. The psychologically significant $4,500 threshold is coming into view, while anticipation of the inflation data is keeping investor interest high.
[Source: Yahoo finanza]
Gold steady after reaching a two-month high
The price of the precious metal has stabilized, posting a slight gain of 0.2% today after reaching its highest level in more than two months yesterday. Investors are awaiting U.S. inflation data, which could influence the Federal Reserve’s next moves regarding monetary policy.
[Source: Market screener]
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